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Microsimulation Modelling of Taxation and the Labour Market

The Melbourne Institute Tax and Transfer Simulator
John Creedy, The Truby Williams Professor of Economics, University of Melbourne, Australia, Alan S. Duncan, Curtin University, Australia, Mark Harris, Senior Lecturer, Monash University and Rosanna Scutella, Research Fellow, MIESR, University of Melbourne, Australia
Microsimulation Modelling of Taxation and the Labour Market reports new research on behavioural microsimulation modelling of tax and transfer systems. Its aims are twofold. Firstly, the book discusses the rationale for the basic modelling approach adopted and provides information on econometric methods used to estimate behavioural relationships. Secondly, it describes the Melbourne Institute Tax and Transfer Simulator (MITTS) in detail, explaining its main features, installation and use.
Extent: 264 pp
Hardback Price: £78.00 Online: £70.20
Publication Date: 2002
ISBN: 978 1 84376 063 4
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  • Economics and Finance
  • Econometrics
  • Labour Economics
Microsimulation Modelling of Taxation and the Labour Market reports new research on behavioural microsimulation modelling of tax and transfer systems. Its aims are twofold. Firstly, the book discusses the rationale for the basic modelling approach adopted and provides information on econometric methods used to estimate behavioural relationships. Secondly, it describes the Melbourne Institute Tax and Transfer Simulator (MITTS) in detail, explaining its main features, installation and use.

After providing a broad review of tax modelling, the authors review alternative approaches to the analysis of labour supply behaviour, discuss the main components of behavioural microsimulation models and present econometric results concerning wage functions and preferences. They go on to provide a detailed description of MITTS, which was constructed by the authors in order to examine the implications of tax reforms in Australia.

Microsimulation Modelling of Taxation and the Labour Market will appeal to those with a special interest in the analysis of tax and transfer systems and labour supply behaviour.
Contents: Preface Part I: Introduction 1. Introduction and Outline 2. Tax Modelling Part II: Estimation and Modelling 3. Wage Functions 4. Budget Constraints 5. Labour Supply 6. Labour Supply with Continuous Hours 7. Labour Supply of Single Persons 8. Household Labour Supply 9. The Quadratic Direct Utility Function Part III: The MITTS Model 10. Outline of MITTS 11. Installing MITTS 12. Using MITTS 13. Taxes and Benefits: March 1998 Bibliography Index